Mistry was on the NCPA council as a nominee of the Sir Dorabji Tata Trust and served alongside other Trusts’ representatives, including Jehangir H. Jehangir and Pramit Jhaveri.
Bhat, who along with Neville Tata was inducted as a trustee of the Sir Dorabji Tata Trust earlier this month, is widely viewed as being close to Noel Tata.
Tata Sons listing may fundamentally alter the balance of power that has long shaped the governance of Tata Group, say analysts.
In the November 10, 2025, letter, reviewed by Moneycontrol, Khambata says he has been “distressed” by the “spin doctored media narrative” around the meeting and describes the coup insinuation as “absurd”.
Sources told Moneycontrol that Neville was initially expected to join both the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, the two biggest shareholders of Tata Sons.
Srinivasan’s reappointment, proposed by Mistry on October 19, is the first implementation of the 2024 framework that institutionalised lifetime terms and endorsed Noel Tata’s leadership structure.
With total debt - including perpetual instruments - estimated at over Rs 5,000 crore, any delay or rollover of these bonds could increase TIL’s interest outgo by nearly Rs 24 crore annually, further squeezing liquidity.
The meeting follows a government-mediated discussion on Wednesday where officials urged representatives of Tata Trusts and Tata Sons Pvt. to settle their differences and avoid disruption to the group’s operations
Unlikely to discuss Tata Sons board positions, say sources
Noel Tata, who has helmed TIL since 2010 and been associated with the company for over two decades, has long viewed it as a vital bridge between the Tata Group’s domestic and overseas businesses
Ratan Tata, who chaired the Trusts for decades, was known for his sweeping authority. During his tenure, alignment between Tata Trusts and Tata Sons was ensured by the weight of his personal influence
Noel Tata discussed a structure with separate positions of chairman, CEO and MD and a deputy CEO for the Tata group holding company
The move holds major significance as it was the first time the Trusts has given its opinion on the issue of RBI’s listing requirements and its desire to give the SP group an exit
The company announced a store portfolio optimization plan, according to which Trent will upgrade smaller footprint stores with newer ones. There are no details on the cost involved in the store upgrades, as part of this optimization plan.
The two sisters will replace outgoing trustees Arnaz Kotwal and Freddy Talati, who stepped down to make way for their appointments.
The Trusts, which owns 66 percent in the Tata group holding company Tata Sons, is carrying out a restructuring drive to cut operational and management costs
Noel Tata faces hurdles in becoming Chairman of Tata Sons due to a rule established by Ratan Tata in 2022, preventing one individual from chairing both Tata Trusts and Tata Sons. This follows a long history of obstacles, including past discussions that led to his brother-in-law Cyrus Mistry taking the role instead. Learn more about the implications of this decision on the Tata Group's leadership.
Following the move, board members won’t retire until they decide to resign and new members will be appointed only after a unanimous consent
Ratan Tata’s successor Noel Tata has received the unanimous go-ahead to join the Tata Sons board as the third Tata Trusts nominee, a separate report said
Noel Tata has been appointed chairman of Tata Trusts after Ratan Tata's death; Tata Trusts holds 66% of Tata Sons, giving influence over major decisions
Tata Trusts holds 66 percent stake in Tata Sons, the holding company of the Tata group firms
The perceived possibility of improvement in ties between the Tata group and the SP Group has given a boost to investor confidence
There is certainty on the succession planning front, but on others such as the group’s strategic direction and investments only time will tell
Noel Tata is the half-brother of Ratan Tata. The 67-year-old chairman of the Tata Trusts is the son of Naval Tata, who was also late Ratan’s father, and Simone Tata. Already on the boards of key Sir Ratan Tata Trust and Sir Dorabji Tata Trust, Ratan Tata's half-brother was the frontrunner to succeed him. In recent years, Noel has taken on increasingly important responsibilities within Tata Trusts. These trusts not only manage the group’s philanthropic efforts but also control the majority stake in Tata Sons. His growing involvement in these trusts suggests that Noel was being groomed for a larger role in their governance. Noel Tata’s career within the Tata Group began in the early 2000s, and by 2010-2011, he was appointed managing director of Tata International. Noel also became vice chairman of Titan Company in 2018, and in March 2022, he was appointed vice chairman of Tata Steel. As chairman of Tata International, Noel oversees the group’s global business, including its presence in retail through Tata Trent. It has undergone a remarkable transformation, with brands like Zudio becoming a huge hit. The successor to Ratan Tata at Tata Trusts will need to balance the organization’s philanthropic mission with the governance needs of a global conglomerate. Noel Tata is known for his relatively low-profile leadership style. He is married to Aloo Mistry, the daughter of Pallonji Mistry, who was the largest individual shareholder in Tata Sons. Noel’s children, Leah (39), Maya (36), and Neville (32), have also been inducted as trustees of five prominent trusts
The decision was taken after the trustees of various Trusts that comprise the Tata Trusts met at a joint meeting held in Mumbai today.